Flotek Industries

Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. It operates through the following segments: Chemistry Technologies and Data Analytics. The Chemistry Technologies segment develops, manufactures, packages, distributes delivers, and markets sanitizers and disinfectants for commercial, governmental and personal consumer use and also includes specialty chemistries and logistics which enable customers to improve efficiencies in the drilling and completion of well. The Data Analytics segment includes the design, development, production, sale and support of equipment and services that create and provide valuable information about the composition of energy customer's hydrocarbon fluids. The firm also empowers the energy industry to maximize the value of hydrocarbon streams and improve return on invested capital through real-time data platforms and chemistry technologies. It serves downstream, midstream and upstream customers, both domestic and international. The company was founded on May 17, 1985 and is headquartered in Houston, TX.

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Flotek Industries reports robust Q3 earnings and eyes global expansion

Flotek Industries delivered strong financial performance in Q3 2024, with notable revenue growth and improved profitability metrics.
While facing challenges in a competitive landscape, the company's focus on innovation and cost efficiency presents opportunities for sustained growth.
By emphasizing revenue growth, market expansion, and shareholder value, Flotek is poised to capitalize on opportunities and drive long-term success.

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Flotek Industries, Inc. engages in the business of creating unique solutions to reduce the environmental impact of energy on air, water, land, and people. It operates through the following segments: Chemistry Technologies (CT), Data Analytics (DA), and Corporate and Other. The CT segment includes developing, manufacturing, packaging, distributing, delivering, and marketing green specialty chemicals that help customers meet their environmental, social, and governance and operational goals and aims to enhance the profitability of hydrocarbon producers. The DA segment focuses on enabling users to maximize the value of their hydrocarbon associated processes by providing real-time data and analytics associated with the streams in seconds rather than minutes or days. The company was founded on May 17, 1985 and is headquartered in Houston, TX.

The Flotek Industries, Inc. (NYSE: FTK) stock is trending today. This is why.

Flotek Industries, Inc. (FTK) Stock: Why Its Trending Today

HOUSTON, Feb. 17, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, has entered into an agreement with ProFrac Holdings, LLC ("ProFrac") to expand the previously-announced long term supply agreement with one of ProFrac's affiliates. The Company anticipates that, after closing, the new expansion will increase revenue backlog by at least $1 billion, and up to $2.1 billion, over the next ten years.

Flotek Awarded $1 Billion+ Long Term Contract

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HOUSTON and WILLOW PARK, Texas, Feb. 2, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, announced today it has entered into a long-term agreement with ProFrac Services, LLC ("ProFrac"), the largest private North American provider of hydraulic fracturing services, to provide its full portfolio of sustainable chemistry solutions to a dedicated portion of ProFrac's hydraulic fracturing fleets. The partnership creates a compelling, vertically integrated solution to enable E&Ps to more sustainably develop natural resources, while reducing the total cost of ownership.

FLOTEK AND PROFRAC TEAM UP TO PROVIDE SUSTAINABLE, VERTICALLY INTEGRATED SOLUTIONS

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Flotek Industries Inc (NYSE: FTK) is trading higher Tuesday after the company announced it received an unsolicited indication of interest for a potential transaction for all or part of the company. Flotek said it engaged Piper Sandler & Co as a financial advisor to assist with the evaluation process.

Why Flotek Industries Stock Is Soaring Today

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The stock price of Flotek Industries Inc (NYSE: FTK) increased by over 35% pre-market today. This is why it happened.

Flotek Industries Stock (FTK): Why The Price Surged Today

Surface cleaner and disinfectant maker Flotek Industries (NYSE: FTK) said on Monday it had received an unsolicited takeover offer for part or all of the company, sending its shares higher in after-hours trading. What Happened: The Houston, Texas-based company said it had not set a timetable for the conclusion of its evaluation of the offer and if it could lead to one or more transactions or other strategic change or outcomes.

Surface Cleaner Maker Flotek Industries' Shares Jump After-Hours On Unsolicited Bid; Ropes In Piper Sandler

Shares of Flotek Industries Inc. FTK, -8.59% jumped 50% in after-hours trading Monday after the Houston-based chemistry and data company disclosed that it has received an unsolicited indication of interest for a buyout of all or some of the company.

Dow Jones Newswires: Flotek shares jump 50% after hours on unsolicited takeover interest

HOUSTON, Dec. 27, 2021 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) has received an unsolicited indication of interest for a potential transaction for all or part of the Company. To assist in evaluating this unsolicited indication of interest, Flotek's Board of Directors has engaged Piper Sandler & Co. ("Piper Sandler") as a financial advisor to assist with the evaluation process.

Flotek Industries Receives Unsolicited Indication of Interest, Engages Piper Sandler

HOUSTON, Dec. 10, 2021 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it has received written notice from the New York Stock Exchange (the "NYSE") that the average closing price of the Company's shares of common stock was below $1.00 per share over a period of 30 consecutive trading days, which is below the requirement for continued listing on the NYSE. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE that it intends to cure the $1.00 per share deficiency.

FLOTEK INDUSTRIES RECEIVES CONTINUED LISTING STANDARD NOTICE FROM NYSE

Flotek Industries (FTK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Flotek Industries (FTK) Upgraded to Buy: What Does It Mean for the Stock?

HOUSTON, Nov. 29, 2021 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) today announced their participation in Noble Capital Markets' Virtual Road Show Series, presented by Channelchek, scheduled for December 1, 2021. Join Flotek Industries CEO John W.

Flotek Announces Participation in Noble Capital Markets Virtual Road Show Series

Flotek Industries (FTK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down 22.7% in 4 Weeks, Here's Why Flotek Industries (FTK) Looks Ripe for a Turnaround

Flotek Industries, Inc. (FTK) CEO John Gibson on Q3 2021 Results - Earnings Call Transcript

HOUSTON, Nov. 8, 2021 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced third quarter results for the three months ended September 30, 2021. John W.

Flotek Announces Third Quarter 2021 Results

HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its third quarter 2021 results for the three months ended September 30, 2021.  In a press release to be issued after market close on Monday, November 8, 2021, Flotek will release its third quarter 2021 financial and operating results for the three months ended September 30, 2021.

Flotek Industries Announces Earnings Schedule For Q3 2021 Results

HOUSTON, Oct. 29, 2021 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) today announced that it had entered into a settlement agreement to resolve its previously-disclosed litigation with Archer-Daniels-Midland and other related parties.  Under the terms of the confidential settlement agreement, the pending suits between the parties in Texas and in Delaware will be dismissed.

Flotek Industries, Inc. Enters Settlement Agreement to Resolve Lawsuit With Archer-Daniels-Midland

AUSTIN, Texas, Oct. 27, 2021 /PRNewswire/ -- JP3 Measurement, LLC ("JP3"), a wholly-owned subsidiary of Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the release of a new generation of international ATEX/IECEx certified online analyzers. The Verax ISX/IMX™ analysers ("Verax™") are specifically designed to withstand routine exposure to extreme outdoor environments, ambient temperatures up to 55°C/131°F and sandstorm pollution common to international environments.

Flotek Industries, Inc. Releases New International ATEX/IECEx-Certified Verax ISX/IMX™ Online Analyzers

AUSTIN, Texas, Oct. 15, 2021 /PRNewswire/ -- JP3 Measurement, LLC ("JP3"), a wholly-owned subsidiary of Flotek Industries, Inc. (NYSE: FTK) today announced the release of AIDA, a revolutionary new patent pending application for its line of VeraxTM near infrared real-time analyzers. Short for "Automated Interface Detection Algorithm," the AIDA application provides real-time detection of interfaces in a liquids pipeline.

News for Flotek Industries Stock (FTK)